Economic News
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German unemployment holds steady in May
Wednesday 31 May 2023
(Sharecast News) - The German unemployment rate held steady in May, official data showed on Wednesday, in line with expectations. Read More
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CBI drafts in lawyers for potential insolvency filing - report
Tuesday 30 May 2023
(Sharecast News) - The board of the scandal-hit Confederation of British Industry has reportedly drafted in lawyers to prepare for a prospective insolvency filing ahead of a crunch vote by thousands o... Read More
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Shop price inflation edges higher - BRC
Tuesday 30 May 2023
(Sharecast News) - Shop price inflation nudged higher in May, industry data showed on Tuesday, despite some food price rises starting to slow. Read More
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Service sector optimism holds up despite cost pressures - CBI
Tuesday 30 May 2023
(Sharecast News) - Business optimism across the UK service sector held up in May, a closely-watched industry survey showed on Tuesday, despite ongoing pressure on both costs and profits. Read More
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UK retail sales rise more than expected in April
Friday 26 May 2023
(Sharecast News) - UK retail sales rose more than expected in April as shoppers returned to the high street, according to figures released on Friday by the Office for National Statistics. Read More
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US Q1 economic growth revised upwards
Thursday 25 May 2023
(Sharecast News) - The US economy grew faster in the first quarter than initially estimated, according to figures released on Thursday by the Commerce Department. Read More
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UK April car production up 9.9% - SMMT
Thursday 25 May 2023
(Sharecast News) - UK car production rose 9.9% in April, with 66,527 new models being built in the month, according to industry figures published on Thursday. Read More
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UK retail sales dip in May - CBI
Thursday 25 May 2023
(Sharecast News) - UK retail sales dipped in the year to May following an increase in April, but retailers expect sales volumes to stabilise next month, according to the latest survey from the Confede... Read More
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Ofgem lowers UK energy price cap as wholesale prices fall
Thursday 25 May 2023
(Sharecast News) - Britain's energy regulator has cut its price cap after a fall in wholesale prices, although it admitted that hard-pressed families were likely to see little benefit. Read More
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Manufacturers expecting lowest inflation in more than two years - CBI
Wednesday 24 May 2023
(Sharecast News) - Manufacturers' expectations for selling price inflation fell to their lowest level in more than two years in May, according to the latest survey from the scandal-hit Confederation o... Read More
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Five banks said to have breached competition law in UK bond markets
Wednesday 24 May 2023
(Sharecast News) - Five global banks have been provisionally found to have broken UK competition law, it was announced on Wednesday, by allegedly sharing competitively sensitive bond market informatio... Read More
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UK house prices fall for fourth month in a row - ONS
Wednesday 24 May 2023
(Sharecast News) - UK house prices fell for the fourth month in a row in March, according to data released on Wednesday by the Office for National Statistics. Read More
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German business sentiment deteriorates in May - Ifo
Wednesday 24 May 2023
(Sharecast News) - German business sentiment deteriorated in May, according to a survey released on Wednesday by the Ifo Institute. Read More
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UK inflation falls below 10% but food prices still high
Wednesday 24 May 2023
(Sharecast News) - UK inflation fell in April - albeit less than expected - but food prices remained near record highs, according to figures released on Wednesday by the Office for National Statistics... Read More
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UK to avoid recession - IMF
Tuesday 23 May 2023
(Sharecast News) - The International Monetary Fund said on Tuesday that it no longer expects the UK to fall into recession this year. Read More
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UK private sector growth slows in May
Tuesday 23 May 2023
(Sharecast News) - UK private sector growth slowed in May, according to a survey released on Tuesday. Read More
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UK grocery inflation nudges lower to 17.2%
Tuesday 23 May 2023
(Sharecast News) - Food inflation continued to edge lower, industry data showed on Tuesday, although it remains close to record highs. Read More
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Government borrowing rises more than expected in April
Tuesday 23 May 2023
(Sharecast News) - The UK government borrowed more than expected last month as energy support schemes, benefit payments and higher debt interest payments pushed up spending, according to figures relea... Read More
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China holds rates for ninth consecutive month
Monday 22 May 2023
(Sharecast News) - China kept its benchmark lending rates unchanged for the ninth month in a row on Monday, in line with forecasts. Read More
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UK house prices hit fresh high in May - Rightmove
Monday 22 May 2023
(Sharecast News) - UK house prices hit a fresh high in May, industry data showed on Monday, as market conditions steadied. Read More
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